4 ms·
why 2 M in $7MM? 2 millions millions dollars? that's 10^12 dollars.
by jokoon 3y ago
why 2 M in $7MM?
2 millions millions dollars? that's 10^12 dollars.
- anotherhue 3y agoIt's the accepted financial notation, perhaps you're confusing it with 7M$ which would be an SI like encoding. https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/ https://corporatefinanceinstitute.com/resources/fixed-income...
- themerone 3y agoThat page says MM is antiquated, falling out of favor, and M is the more modern way to represent a million.
- zamadatix 3y agoYou have to be careful about separating your interpretation of what something is saying when referring to the claims of the content directly like that. Nowhere does the page say antiquated, that's just one particularly strong interpretation of "becoming less common". It'll probably eventually be antiquated but it certainly isn't yet - it's still very popular and accepted.
- NelsonMinar 3y agoRoman numerals. 1000 1000
- LinAGKar 3y agoThen it would be 2000
- wongarsu 3y agoBecause finance has weird conventions about numbers, and $7M could be misread as $7000 in the wrong context